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FACTS NOT FASCISM

FACTS NOT FASCISM

Monday, July 13, 2015

Glass-Steagall Revived in Senate

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An important effort to re-introduce certain protections for the American people regarding the financial field has occurred in the Senate.  This effort seeks to reinstall the Glass-Steagall protections which were wisely instituted in 1933 as a means of helping to control the kind of wide speculation on Wall Street which led to the Crash of 1929.  The Glass-Steagall Act was repealed in 1999.  This action has led to the same kind of irresponsible financial dealings which made the 1920's a giant casino, eventually creating the Great Depression of the 1930s.  Read about the four heroic Senators representing both major political parties here:

Senators reintroduce bill with Glass/Steagall protections

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